essays, term papers, research papers on government accounting standard board (1 essays)

For example , plans to discontinue or restructure the operation to which an asset belongs or to dispose of an asset before the previously expected date are good examples of the indications of impairment . As per SFAS 144 , that has superseded SFAS 121 and effective from August 2001 , a long lived asset shall be tested for impairment whenever the under mentioned circumstances warrant or indicate that carrying value of such long lived asset is not recoverable : Decrease in market value of...